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2013 INTERIM RESULTS – Soco International Plc

Soco International Plc · Aug 29, 2013 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2013 INTERIM RESULTS – Soco International Plc – slide 1
    2013 Interim Results
  2. 2013 INTERIM RESULTS – Soco International Plc – slide 2
    Preface This presentation, which is confidential and is being supplied only to persons with professional experience in matters relating to investments for the purposes of the Financial Services and Markets Act 2000, does not constitute…
  3. 2013 INTERIM RESULTS – Soco International Plc – slide 3
    1H13 Highlights Production for the first six months of the year averaged 17,135 BOEPD net to the Companys WI, approximately 40% higher th than the th same periodi d last l t year Completed the first phase of TGTs FPSO…
  4. 2013 INTERIM RESULTS – Soco International Plc – slide 4
    1H13 Financial Summary (unaudited) (US million, unless otherwise indicated) 1H13 1H12 2012 Sales revenue 324.0 263.2 621.6 WI Prod 17,135 boepd vs 12,197 (14,757-FY12) Realisations 112.45/bbl vs 120.68/bbl Operating 229.6 203.3…
  5. 2013 INTERIM RESULTS – Soco International Plc – slide 5
    Vietnam Cuu Long Basin Blocks TGT production averaged g 14,967 , BOPD net to WI for first six months of 2013 TGT development drilling continues for the next four yyears TGT 30.5% WI CNV production CNV 25% WI averaged…
  6. 2013 INTERIM RESULTS – Soco International Plc – slide 6
    Te Giac Trang Field Layout TGT Field Schematic CPP at Bach Ho Field
  7. 2013 INTERIM RESULTS – Soco International Plc – slide 7
    Te Giac Trang Field Steady production averaged Steady production averaged net 14,967 BOPD for first six months Successful tie in of two fields with no down time Completed first phase of capacity performance test Gas…
  8. 2013 INTERIM RESULTS – Soco International Plc – slide 8
    TGT-10X/ST1 Appraisal Well TGT-10X well encountered 117 metres of net pay p y Three tests to be performed g Oligocene C in two p parts Lower section of Lower Miocene Upper section of Lower Miocene First part of Oligocene…
  9. 2013 INTERIM RESULTS – Soco International Plc – slide 9
    H5 Development: Preliminary Plan 2013 2014 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayJun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayJun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8…
  10. 2013 INTERIM RESULTS – Soco International Plc – slide 10
    TGT 2014 Well Location Options Updated August 2013 Wells planned in 2013 Wells proposed in 2014 (tentative) TGT 19I H5 Development wells TGT17P H1 WI Well Option Other potential locations Other potential locations H2 South…
  11. 2013 INTERIM RESULTS – Soco International Plc – slide 11
    Central Africa Portfolio 11
  12. 2013 INTERIM RESULTS – Soco International Plc – slide 12
    North Congo Basin Current Portfolio Added Nanga II A 100% WI block and commencing seismic reprocessing Testing Lideka East on Marine XI commenced 40 39% WI 40.39% Drilling first of two Cabinda wells Completing…
  13. 2013 INTERIM RESULTS – Soco International Plc – slide 13
    Marine XI Lideka Marine East Well drilled using Falcon-1 without incident ca 50 Well found ca. metres of net pay in main intra-Sendji 3 target Currently testing 13
  14. 2013 INTERIM RESULTS – Soco International Plc – slide 14
    Cabinda North Targets Completed extensive seismic acquisition programme across the entire block Currently drilling first of programme two well programme, Dinge 20-6 well
  15. 2013 INTERIM RESULTS – Soco International Plc – slide 15
    Block V Activity Completed detailed environmental studyy together with relevant DRC authorities Activity suspended during M23 insurgency Block V 85% WI 15
  16. 2013 INTERIM RESULTS – Soco International Plc – slide 16
    Outlook Testing results from TGT-10X and LDKEM-1 due over coming weeks Continued strong g cash g generation from the Vietnam assets Development drilling on TGT and CNV Second phase of sustained capacity test on TGT FPSO…
  17. 2013 INTERIM RESULTS – Soco International Plc – slide 17
    Maximising Returns to Shareholders Sustainable annual return targeting 50% of Free Cash Flow Growth potential of an independent p y E&P company 17
  18. 2013 INTERIM RESULTS – Soco International Plc – slide 18
    SOCO International plc 48 Dover Street L d London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 18

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